Italy's non-EU27 trade surplus hits €9,445 mn in June 2023

02 Aug '23

1 min read

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Insights

Italy's foreign trade with non-EU27 countries in June saw exports increase by 2.7 per cent and imports plunge by 41.1 per cent YoY.
Seasonally adjusted figures show 0.4 per cent rise in exports and a 14.6 per cent fall in imports month-on-month.
The last three months indicate 3.7 per cent decrease in outgoing flows, 5.9 per cent decrease in incoming flows.

Italy's foreign trade with non-EU27 countries has exhibited significant fluctuations in June 2023 as exports to non-EU27 countries rose by 2.7 per cent, while imports took a sharp plunge, dropping by 41.1 per cent compared to June 2022, as per data released by the Italian National Institute of Statistics (ISTAT).

The seasonally adjusted terms reflect a 0.4 per cent increase in exports and a 14.6 per cent decrease in imports compared with the previous month.

Over the last three months, seasonally adjusted data, compared with the previous three months, indicate a 3.7 per cent decrease in outgoing flows and a 5.9 per cent decrease in incoming flows.

Most significantly, June 2023's trade balance with non-EU27 countries registered a surplus of €9,445 million, a stark contrast to the deficit of €3,009 million in June 2022. Excluding energy factors, the surplus equals €13,602 million, a substantial rise compared to the €6,294 million surplus recorded in June 2022, according to ISTAT.

These initial findings are part of a comprehensive survey on Italy's total foreign trade for June 2023.

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